BSCN vs. BSCP
Compare and contrast key facts about Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and Invesco BulletShares 2025 Corporate Bond ETF (BSCP).
BSCN and BSCP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCN is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2023 TR Index. It was launched on Sep 17, 2014. BSCP is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2025 Index. It was launched on Oct 7, 2015. Both BSCN and BSCP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSCN or BSCP.
Key characteristics
| BSCN | BSCP | |
|---|---|---|
| YTD Return | 1.83% | 1.38% |
| 1Y Return | 2.42% | -0.20% |
| 5Y Return (Ann) | 3.26% | 3.02% |
| 10Y Return (Ann) | 3.90% | 2.90% |
| Sharpe Ratio | 2.46 | -0.03 |
| Daily Std Dev | 1.00% | 3.83% |
| Max Drawdown | -15.79% | -15.54% |
Correlation
The correlation between BSCN and BSCP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BSCN vs. BSCP - Performance Comparison
In the year-to-date period, BSCN achieves a 1.83% return, which is significantly higher than BSCP's 1.38% return. Over the past 10 years, BSCN has outperformed BSCP with an annualized return of 3.90%, while BSCP has yielded a comparatively lower 2.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSCN vs. BSCP - Dividend Comparison
BSCN's dividend yield for the trailing twelve months is around 2.60%, less than BSCP's 3.56% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 2.60% | 1.52% | 1.88% | 2.47% | 3.13% | 3.18% | 3.25% | 3.75% | 3.64% | 7.29% |
BSCP Invesco BulletShares 2025 Corporate Bond ETF | 3.56% | 2.27% | 2.00% | 2.56% | 3.38% | 3.65% | 3.39% | 3.72% | 0.92% | 0.00% |
BSCN vs. BSCP - Expense Ratio Comparison
BSCN vs. BSCP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) and Invesco BulletShares 2025 Corporate Bond ETF (BSCP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BSCN Invesco BulletShares 2023 Corporate Bond ETF | 2.46 | ||||
BSCP Invesco BulletShares 2025 Corporate Bond ETF | -0.03 |
BSCN vs. BSCP - Drawdown Comparison
The maximum BSCN drawdown for the period was -1.65%, higher than the maximum BSCP drawdown of -7.73%. The drawdown chart below compares losses from any high point along the way for BSCN and BSCP
BSCN vs. BSCP - Volatility Comparison
The current volatility for Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is 0.17%, while Invesco BulletShares 2025 Corporate Bond ETF (BSCP) has a volatility of 0.72%. This indicates that BSCN experiences smaller price fluctuations and is considered to be less risky than BSCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.